Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
November 23, 2014

Projected Cost of Cutting Carbon Emissions Soars to $44 Trillion

Bloomberg: “The cost of cutting carbon emissions from power generation enough to restrict global warming to safe levels is rising because growing coal use outweighs the progress in renewables, the International Energy Agency said.”

“Investments of $44 trillion through 2050 are needed to decarbonize the energy sector, the Paris-based agency said today in an e-mailed report, up 22 percent from the figure it gave two years ago. The spending would ensure the average temperature rise since the industrial revolution is limited to the 2-degrees Celsius (3.6 degrees Fahrenheit) target world leaders have endorsed.”

“Investments in renewables, nuclear power and CCS would offer more benefits than costs, according to the agency. It said spending $44 trillion would yield more than $115 trillion in fuel savings.”

  • Progressive Republican

    I’ll go with the “renewables, nuclear power and CCS” if the nuclear power fusion, is not fission. Things are bad enough without generating uncounted more tons of pollutant so poisonous that its lethality will likely outlast our species.

  • CEMQ

    What will the cost be in in building sea walls around all of Florida’s coastline?

  • philofthefuture

    Destroy the economy and you’ll have no money for any energy, green or otherwise. There is no way we are going to pay extortion money to other countries over AGW.
    We are already on the right path, it’s China and India that will do the world in. We are dumping coal, the are building new plants like mad. The idea that somehow the US can save the day is rather childish.

  • YONATAN C

    THIS IS A VERY SAD AND SORRY SITUATION FOR OUR COUNTRY AND OUR PEOPLE . WE HAVE ELECTED PUBLIC OFFICIALS WHO GET IN OFFICE, AND ONCE IN OFFICE,FEEL THAT THEY NO LONGER NEED TO WORRY ABOUT WHAT THE PEOPLE WANT.THESE SELF-IMPORTANT, SELF-RIGHTEOUS, SELF-INDULGED, CAREER POLITICIANS, ANSWER ONLY TO THEIR PARTY AND SPECIAL INTEREST GROUPS. WE HAVE BEEN LET DOWN BY OUR ELECTED OFFICIALS, AND ARE NOW AT THE MERCY OF POLITICIANS WHO REALLY DON’T CARE ABOUT THE POOR AND UNEMPLOYED WHO ARE STRUGGLING AND SUFFERING WHILE THEY TAKE BREAK AFTER BREAK, AND VACATION, AFTER VACATION. THE REPUBLICANS ARE DIRECTLY RESPONSIBLE FOR THE MORE THAN 2.6 MILLION UNEMPLOYED FAMILIES WITHOUT BENEFITS, BECAUSE THEY CHOSE NOT TO HELP THEM. IT HAS BEEN FIVE MONTHS THAT THESE FAMILIES HAVE BEEN WITHOUT UNEMPLOYMENT BENEFITS, AND THEY HAVE WATCHED THE REPUBLICANS PLAY THEIR WAITING GAME, MAKING EVERY ATTEMPT TO STALL THE VOTING ON THE EXTENSION BILL, IN THE HOPES IT WILL GET TOO LATE TO VOTE FOR IT. THEY HAVE DELIBERATELY WASTED FIVE MONTHS, WHILE THESE FAMILIES FACED EVICTIONS, HOME FORECLOSURES, BANKRUPTCY, AND HOMELESSNESS. THESE POOR FAMILIES HAVE LOST EVERYTHING, WHILE WAITING FOR THE HELP THAT THEY DESERVED . THE REPUBLICANS HAVE NOW JUST HANDED OVER TO THE DEMOCRATS 2.6 MILLION NEW VOTES IN THE COMING ELECTION. THESE UNEMPLOYED FAMILIES WILL NOT FORGET THE BETRAYAL OF THE REPUBLICAN PARTY.

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